In particular, analysts noticed Dr Lowe did not mention the Australian economy growing at 3 per cent this year — a subtle omission compared to his previous statements — and spoke of a divergence between labour market and GDP outcomes.

"The [Reserve] Bank has acknowledged for the first time that the housing downturn is weighing on consumption and we also got a re-write of the final paragraph [of the statement] for the first time in ages," NAB foreign exchange strategist Rodrigo Catril said.

He noted an important change in the final paragraph of the RBA governor's post-meeting statement:

"The board will continue to monitor developments and set monetary policy to support sustainable growth in the economy and achieve the inflation target over time."

Mr Catril said "the market has interpreted [that] as a nod to [the RBA] being open about considering future rate cuts".

Many economists now expect the RBA to cut interest rates at least once by the end of this year.

Mixed results for markets

Meanwhile, the Australian share market is expected to open moderately higher, for the sixth consecutive session.

ASX futures are indicating an early gain of 0.5 per cent.

The benchmark ASX 200 index has lifted 1.9 per cent since March 25 — and has gained 10.6 per cent since the year began.